Europe World Wde Depr

3,915 views

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
3,915
On SlideShare
0
From Embeds
0
Number of Embeds
3,283
Actions
Shares
0
Downloads
13
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Europe World Wde Depr

  1. 1. The Worldwide Depression was caused by a:<br />C.R.A.S.H.<br />
  2. 2. C<br />Credit Expands<br /> People bought goods they<br />couldn’t afford on credit<br />
  3. 3. What does buying something on credit mean?<br />Buying something on credit is when you<br />loan or borrow money from somewhere<br />and agree to pay the money back over<br />time.<br />
  4. 4. ????????????<br /> What would happen if people suddenly lost their jobs and couldn’t pay for what they had bought on credit?<br />
  5. 5. R<br />Reparations<br /> German industry collapsed after WWI<br />
  6. 6. What is industry?<br />It is the production and sale of goods<br />Example:<br />Textile Industry: makes and sales cloth<br /> Automobile Industry: makes and sales cars<br />
  7. 7. ????????????<br /> Why would reparations destroy the German economy?<br />
  8. 8. A<br />American industry<br />too dominant<br />Europe was too dependent <br />on the US<br />
  9. 9. ????????????<br /> What will happen to Europe if the American economy falls apart?<br />
  10. 10. S<br />Stock Market Crash (1929)<br /> US stocks CRASHED <br />Businesses and banks closed<br />
  11. 11. ????????????<br /> What will happen to Europe now that the US economy is collapsing? Why?<br />
  12. 12. H<br />High Protective Tariffs<br /> Tariff=Tax on imported goods<br />It was hard for countries to trade with each other<br />
  13. 13. Impact of World Wide Depression<br />High unemployment in industrial countries<br />Bank failures and collapse of credit<br />Nazi Party growing importance in Germany<br />Nazi Party blame of Jews for economic collapse<br /> <br />

×